Atomera Inc (NASDAQ:ATOM) price on Friday, May 23, rose 2.27% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.77.
A look at the stock’s price movement, the close in the last trading session was $6.62. Turning to its 52-week performance, $17.55 and $2.31 were the 52-week high and 52-week low respectively. Overall, ATOM moved 61.00% over the past month.
Atomera Inc’s market cap currently stands at around $207.87 million, with investors looking forward to this quarter’s earnings report slated for in June.
The average forecast suggests down to a -100.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 400k, representing a 196.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATOM is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ATOM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ATOM’s current price about 11.00% and 31.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.57, while 7-day volatility ratio is 4.12% and 6.10% in the 30-day chart. Further, Atomera Inc (ATOM) has a beta value of 1.32, and an average true range (ATR) of 0.55.
If we refocus on Atomera Inc (NASDAQ:ATOM), historical trading data shows that trading volumes averaged 492.03K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.70 million shares.
The 6.45% of Atomera Inc’s shares are in the hands of company insiders while institutional holders own 30.05% of the company’s shares. Current price change has pushed the stock -41.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATOM stock continues to rise going into the next quarter.
